The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-01-04
rHE nunInEss sIruArIoN.

Christmas trade has been very good,
and the general lookout continues
favorable with undated confidence 10
the immediate future. Winter wealth
or has set in early, but 40 special evil
effests TO trade from Il have developed
themselves. Tho worst feature in the
situation Is the number Ct bankrupt
eieg, which are more numerous just
now than ia agreeable TO contemplate.
A desire to buy before better hmos ad-
vauces prices appears to have had
much TO do with these failures, a
waning that caution 10 a trade vir-
tue. 1t is gratifying to know that he
year has been one OF business rscuper-
atloc. TIE warlike condition OF al
fairs in Europe Is an uBiavorabls start
tor the new year. True, the United
Sla!eJ provision markets, and some
otter lines, will he improved II war
should come, but the exhau3tion that
follows war would do moIe to injure
trade than war does to advance it.
The peaceful relations that exist on the
American continent are a pleasant
oon.Tayt 10 the European troubles
The labor difficulties have eoftened
down in this country, but the care
taken at this interval 10 peri OF labor
organisations, scarcely justify hopes
that labor disputes will die away.
Transportation by sea and land has
improved In amount with better pros
pscbg, and the railroad reports show
deeided improvement, which Indicates
better general trade. The South,
southwes. and New England States
lave done we'll in their fall trade.
There is tendency toward spscula-
ton, both on this and the other side
OF the ocean, which helps the mov1-
nent Of money at present, but on the
whole, is not wholesome sign. Dur
Ing nost Of the year money has been
abundant az low rates, aud for legii'
mate trade transactions has always
boon favorable. The silver incubus
still has dead weight on prospects,
moi from any immediate dan
ger, but from the conss-
quenees fuIsseen II any unforeseen
circumstances should occur to shake
pubhe credit. With the difficulties
shst obasruot commerce, Congress has
shown no sympathy, and to expect re-
lief from hat source for existing evils
seems vain; We are still without q
national bankrupt law. Silver depre-
siated dollars are still coined and put
away In vaults, aud tariff matters ere
setting into snsrl with which our
Legislators appear absolutely incompe-
tent 10 deal. Action respecting the
tariff must be taken whether Congress
like H. or not, but the prospect that
that action will be wise or advan-
sageoss " our commerce. is not hatter.
ing. We hope the New York Bulletin
b correct in it's following anticipatiops
Fortunately, there are fewer wild
men % Washington this winter than
NJ some previous sessions, aud we
may reasonably hope, therefore, that
ON these and kindred subjects
they may be able to reach
sonelu ions in harmony with that
much abused and we fear but imper-
sety understood phrsse--ths "public
welfare" Special telegramB to Brad.
skGi's report moderate decrease in
Abe Total volume of general msrchsn-
diDe moving. This is regarded as
seEonRbls, yet tho distribution liom
fret aud second hands, al Chicago, st.
Louis, Kansas City and elsewhere,
exceeds that OF like periods in pre-
tedlng years. Some falling Off in the
general trade and speculative move
ments during the week is shown In
bank e,earlrgs from thirty.two cities,
specially wirsd to Brdis!reei's. Toe
decline in the aggregate for the week
ie 1868 900 90, but against the like
week of 1885, the total shows a gain OF
1907 $4,000. New York's clear.
inSs fell away s292, 100000 this week,
ne compared with last, the greater
portion being due TO a decrease In
up, enlStlon, Bos'oa's declnod &c..
500 0C0, Oh'cugo'sS5, 100000, San Fran.
Cisco's t2,SO0,O0O, Baltimors's s, $780,.
900, Philadelphia's 100000 and Lou,
svlle's II, 100000.
Silver has stood at 40 pence sn ounce
during She week, msbiog tho bullion
value Of he dollar II 992 cents. The
New YORK indicator reports. 1--WE
have nov got back about No much
gold as We shipped prior ~ August,
aud have besides a years product Of
orr miuCg. There is, therefore, fully
S0,000,000 more gold in the country
than on January let last"
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